Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.
We begin with another week of trading. Last week we had a somewhat sideways trading in the US market. Let's see what this week brings us.
With the S&P 500 trading very near to all time highs, we are actually running into resistance area. Therefore, one should expect some choppy trading ahead in the next few days to a week.
However, we should still remain bullish on the US market especially now that we are slowly heading into November. The S&P 500 is forming a large ascending triangle which is a bullish continuation pattern. As long as it stays above the lower trend line we should continue to be bullish.
If the S&P 500 can trade above the top of the pattern then we will experience a breakout that might send the markets higher.
Feb 21, 20 08:15 AM
My analysis of the US stock market for the month of February. Updated almost daily.
Feb 21, 20 08:11 AM
Technical outlook for Frontken's stock price and stock chart.
Feb 21, 20 08:08 AM
A technical analysis of OKA Corporation's stock chart. Is the stock in an uptrend or downtrend and what should you do about it.
Feb 21, 20 08:06 AM
Here is the analysis for the Malaysian stock market for the month of February 2020. Updated almost daily.
Feb 12, 20 11:00 AM
Technical outlook of MMS Ventures.